Z trade ideas
OutbreakToday we've seen an outbreak of the bottoming range of the long term decline. It has been retraced immediately. But we are stopping above the edge of the window which may mean that this may become the new bottom.
RetracingAs we exceeded the November bottom we are up to correct the decline since end October now. There is still some room for a 50% Fibonacci retracement.
Zillow to $56.26...at least, but look for a reaction bullishLets see what happens at the 100% zigzag extension at $56.26 / $56.31
Zillow Group Inc Season
Looks bullish to me especially after a year of 79% drop. Signal of entry is at the very moment of breakout from dashed line.
Escaping second dashed line is a signal of market reversal.
A drop to black area can also reverse the market, but since travel season is about to begin, the chances of further decline is minimal at this point.
Zillow (NASDAQ: $ZG) Is A Top Real Estate Play! 🏘️Zillow Group, Inc., a digital real estate company, operates real estate brands on mobile applications and Websites in the United States. The company operates through three segments: Homes; Internet, Media & Technology; and Mortgages. The Homes segment is involved in resale of homes; and title and escrow services to home buyers and sellers, including title search procedures for title insurance policies, escrow, and other closing services. The IMT segment offers premier agent, rentals, and new construction marketplaces, as well as dotloop, display, and other advertising, as well as business software solutions. The Mortgage segment provides home loans; and marketing products including custom quote and connect services. Its portfolio of brands includes Zillow Rentals, Trulia, StreetEasy, Zillow Closing Services, HotPads, and Out East. The company was incorporated in 2004 and is headquartered in Seattle, Washington.
$ZG Inverse Head & ShouldersLooks like an inverse head-and-shoulders on $ZG's 15 minute - 1 day candles. Breakout soon?
Head and Shoulders Pattern
Zillow making a comeback?????Hello traders,
Z is priming real nice...We have a break out of the trend line, we're up above the 20 & 50 MA's, they killed earnings a few days ago, spike in volume...Just everything looks good to me...I am looking for retest of the trend line before making an entry...If it fails then I do see this dropping down $45ish area for a retest of support, BUT if it holds the trend line retest then I see this going to price target 1 to fill GAP at the $87ish level...Happy Trading !!!!!!
Zillow (NASDAQ: $Z) To Fill The Gap On Upbound Reversal! 🏠Zillow Group, Inc., a digital real estate company, operates real estate brands on mobile applications and websites in the United States. It operates through three segments: Homes; Internet, Media & Technology; and Mortgages. The company's mobile applications and websites offer various real estate transactions and related services, including buying, selling, renting, and financing services for residential real estate properties; purchase and sell homes; offer title and escrow services, title insurance products and services, and mortgage loans. Its portfolio of brands include Zillow, Zillow Offers, Zillow Closing Services, Zillow Home Loans, Trulia, StreetEasy, and HotPads. Zillow Group, Inc. was incorporated in 2004 and is headquartered in Seattle, Washington.
$Z good entry point (3/5)Conviction: 3/5
retesting MT (2016) support
RSI-W at oversold levels with possible bullish divergence
Growth is still good
P/S levels pretty reasonable
Risks
support was broken in 2020
Short history, does not cover last recession
negative FCF
slightly below historical equilibrium zone
Long on Zillow (76% down from its ATH)Key points:
- Next earnings is February 10th, you may want to wait for earnings.
- I have a small positions that I am planning to grow.
- Unrivalled brand (strong name.)
- Zillow owns over 70% of traffic for real state advertising.
- Re-structuring the business.
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Zillow's idea was that they are going to be a 'price maker' rather than a 'risk taker.' They wanted to invest in homes, and flip them constantly, anticipating where the price will be within 2% time and time again. This sadly did not work. Zillow was unable to predict housing prices accurately enough and this resulted in them overpaying slightly on transaction, which in aggregate resulted in $400 million in loses from their home division in 2021.
Zillow has admitted that this is not working/did not work and are re-focusing their business. Zillow has been able to abandon the I-buying business model extremely fast, and the CEO has been very capable in this endeavour.
This resulted in 76% hit over a period of time. The question is, is this price now competitive?
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The restructuring in a nutshell:
Zillow will create partnerships to create income / funnel profits at each different stage in the house transaction.
Partnerships will see revenue and the following stages of each transaction:
Flex, escrow, mortgages, and title insurance
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Zillow group current segments:
- IMT - Internet, marketing and Tech (more profitable segment)
- Homes (Zillow is shuttering this business)
- Mortgages (smaller and less profitable)
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Zillow has a huge run away in front of them. They have one of the most recognizable brands in the industry in the US. There is room for growth.
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Insider buying:
Zillow has announced late in 2021 that they are buying $750 million in stocks and it is anticipated that they will buy more as they continue to liquidate their holdings from the previous I-buying segment.
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Time horizon:
12-24 month time horizon for the trade
Zillow Max Pain Rising interest rates = Overselling of Z
~$20 tested twice in history; Third time's a charm :)
Zillow - levels to watch NASDAQ:Z
Support 58.28
Resistance 65.61
Consider Calls above 66
Consider Puts below 56.63
Z calls and puts: levels to look out for & considerZ
Price - 63.44
Support - 58.28
Resistance - 65.61
Consider***
Calls Above - 70.09
Puts Below - 56.63
$Z ZillowMonthly retest, at least looking for a bounce to 80's
this may take weeks to play out and definitely can still go lower first to find a base but expecting a bottom fairly soon
Had a small resting order just under the monthly retest area, sideways for a bit then to retest 80's
QuickTrade (LONG)Stop at 55.20
Positive price action as well as bullish cross way below the daily 50.
The cross is not 100% clear, but is really worth a try as it may have a huge way-up
$Z Bottom found?Zillow $Z is sitting at a pretty good looking s/r flip. it is basically in freefall, so be careful trying to get the exact bottom
PERFECT ENTRY ON ZILLLOW GROUPZILLOW GROUP $Z dumped pretty hard it scared even the bravest of hearts. Nonetheless my analysis says $Z has hit rock bottom and it can only go up from here.
Buy up from 60$ - 64$ i expect this market to take some time to build some base before reversals and trend revert.
Goodluck!!
$Z Zillow Falling Knife Catcher or Buy the Dip Opportunity?This stock continues its downtrend. It looked like it would've found some support at $60-65 level, but it formed a bear flag and has since closed below this level. I suspect the trend will continue to resolve the H&S pattern made earlier this year as I mentioned in a previous analysis made back in September. We may be down to $45 earlier than expected.
Buy around 50$Hard long term support around 50$. The bleeding is slowing according to MACD. Will be moving into buy territory next well preparing for Q4 earnings
Zillow (Z) Critical Area - ImportantToday I am reviewing Zillow (Z) on the monthly linear scale chart.
The price has taken a 41.83% drop this month (November 2021) so far and about to re-test the long term parallel channel it was in previously. Furthermore, the price is also re-testing a trendline as shown by the red line.
The RSI (relative strength index) is necessary to pay attention to as it is about to re-test the 40 level which it tested in 2019.
If it breaks below the 40 RSI, we will see the price fall into the parallel channel, and hopefully stay in there without falling further.
What are your opinions on this? I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #zillow
